Daily FNArena News - FYI

Australia, Europe and the UK all make rate decisions this week as Sydney is locked down for APEC.

Bernanke’s statement was well received by a market assuming a rate cut will soon be forthcoming. President Bush chimed in with some added relief for mortgage holders.

In case you didn’t like my two extreme suggestions from Wednesday, BCA Research has come up with an alternative route through the current crisis.

Barclays Capital notes September is traditionally a tough month for equities and the US dollar but precious metals and the energy sector may post gains.

Wall Street struggled to decide upon last night’s GDP release while the market waits poised for tonight’s statement from the Fed chairman.

JP Morgan suggests the big five Australian banks have up to $25bn exposure to CDO-invested SIVs and conduits. What?

After falling 240 points on Tuesday, the Dow rallied 247 points last night. More light volume. More Bernanke madness.

Weekly musings from your editor. At a time of such extremities only one conclusion can be made: this is either the biggest bull market of our times, or a bear market is about to begin.

What is the correlation between lunar eclipses and stock market crashes?

ANZ Bank senior currency strategist Tony Morriss suggests with uncertainty impacting on risk appetite in global markets it will be technicals rather than fundamentals that offer guidance.